Blog

Ask Linda: Is it safe to have all of my money at one Brokerage firm?

Dear Linda, I remember being told that I shouldn’t keep more than $250,000 at one bank since that is the FDIC insurance limit. What about my money at a brokerage institution, such as Schwab, Vanguard, or Fidelity? Should I spread my money out across brokerage firms as well? Curious Carl Dear Curious Carl, Protecting your money in the bank versus your money in a brokerage firm requires two separate approaches. Let me explain the process for both. How to protectRead More

Share +

Impact Investing: Creating a Strategy

Impact investing offers similar, if not better, returns than traditional investing with the added benefit of creating positive social and environmental change. That being said, creating an impact investment strategy does not have to be a major shift from what you are already doing. We recommend a top-down, holistic approach to impact investing versus divesting from companies or industries in an ad hoc manner, which can lead to underperformance. At a minimum, it can mean the inclusion of environmental, social and governance (ESG) ratings in theRead More

Share +

How to Set Your Perfect Wedding Budget

The national average cost of a wedding is $33,391 (excluding the honeymoon), and in LA the average price is $44,142. (Source: theknot.com) Planning a wedding is a rabbit hole of expenses that can quickly spiral, often leaving other financial goals by the wayside. If you don’t set a clear path for how your wedding budget fits into your entire financial picture, it is easy to establish a larger wedding budget than your future life can afford. There is a perfectRead More

Share +

Impact Investing: The Myths

Impact investing opportunities continue to grow with one of every five dollars being invested sustainably as of 2016. Regardless, there are myths about impact investing that continue to persist, despite evidence to the contrary. For our second post in a series on impact investing, we debunk these common myths. Myth: My investment return will suffer if I implement an impact investing strategy. Deutsche Asset Management and the University of Hamburg aggregated the findings of over 2,000 studies in 2016. AroundRead More

Share +

Why You Need to Ask Your Parents: “What’s your estate plan?”

Do you have any idea what your parents’ estate plan is? Do you know if they even have one? Unfortunately, when a parent passes away, you as their child most likely have an obligation to close their estate and finalize their financials. Below is a list of questions you should go to your parents with and have them answer. Start having these conversations now to understand the role you will play in finalizing their estate. 1. Do you have anRead More

Share +

Ask Linda: What should I do with this unexpected bonus?

Dear Linda, I will be receiving an unexpected bonus shortly. I want to make sure I am smart with the money and have a plan in place for what I am going to do with it. Any ideas? Sincerely, Lucky Lady Dear Lucky Lady, Your question is a common one we receive around this time of year as companies complete their prior-year reporting and issue bonuses. You are wise to create a strategy before spending the bonus. Without knowing theRead More

Share +